BankPurely Review
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At a glance
Overview
BankPurely is a digital division of Flushing Bank designed for environmentally conscious consumers. The bank offers above-average yields on deposit products, charges no monthly maintenance fees and provides access to more than 55,000 ATMs. Its online-only model includes paperless banking features and a pledge to plant a tree for every account opened. While it offers all major account types, customers looking for more flexibility in certificate of deposit (CD) terms or lower deposit requirements may want to compare other online options.
Highlights:
High APY Free CheckingHighlights:
CDs
Checking
Savings
MMA
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.6/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
BankPurely is a financial institution created for environmentally conscious consumers offering a wide range of deposit products, including a savings, checking and two money market accounts along with two standard CDs.
Pros
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BankPurely provides an eco-friendly banking option for environmentally conscious consumers.
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All deposit products pay APYs above the national average or better.
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Account holders have free access to thousands of ATMs.
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Digital banking features are available, including access to Zelle and Bill Pay.
Cons
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Only two CD terms are offered.
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A steep $25,000 deposit is needed to earn interest on its money market accounts.
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There’s a $1,500 point-of-sale transaction limit for the checking account.
BankPurely banking products
BankPurely savings overview
Pros
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BankPurely’s savings account requires only $100 to open.
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There’s no monthly service fee.
Cons
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The APY is above the national average, but you can find higher yields elsewhere.
BankPurely CD overview
Pros
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BankPurely’s CDs only require a minimum opening deposit of $1,000.
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The bank offers a competitive yield.
Cons
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Only two standard terms are offered.
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The bank doesn’t offer any specialty CDs.
BankPurely money market overview
Pros
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PurelyMoneyMarket accounts offer a strong APY.
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There’s no monthly service fee.
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Account holders can get a free ATM card.
Cons
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There’s a steep $25,000 deposit needed to earn interest.
BankPurely checking overview
Pros
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The CheckingPurely account doesn’t charge a monthly fee.
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Account holders have free access to thousands of ATMs.
Cons
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You may not exceed $1,500 in point-of-sale transactions per day.
Bank fees
| Fee | Charged? |
|---|---|
| Overdraft fee | None |
| Non-sufficient funds fee | None |
| Monthly maintenance fee | None |
| Out-of-network ATM fee | None |
| Excessive transaction fee | None |
Customer experience
Customer service. BankPurely offers customer support by phone and email, seven days a week, from 7:00 a.m. to 9:00 p.m. ET. Customers can also access self-service tools through the automated phone system or send secure messages through their online account.
Digital experience. The bank offers online banking and mobile banking through apps for both iOS and Android devices. Its mobile apps support mobile check deposits, bill pay and peer-to-peer payments with Zelle. Customers also have access to budgeting tools through the app. However, public app reviews are limited, making it difficult to compare the overall user experience with that of larger online banks.
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Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
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